hengeh, please note that we do not advise on trading decisions.

SGB appears to be building a strong base at 0.665 but we cannot be conclusive about it. If you are riding on profits, you need to set your trailing stop so that you do not turn a winning trade into a losing one. It has an immediate support at 0.625 and then strong support at 0.59/0.595. Congratulations on your winning stock especially during a weak market.

There are always winning stocks to trade even in a weak market and we just need to look for them.

belkg, no one can really predict a market crash. In the past, there have been many predictions about the market which have yet to come true and in some instances proven wrong too. Irregardless, as long as we trade with a plan, we will not be badly hit. Most importantly, we need to trade within our comfort zone. If we do not feel comfortable with the market, we can always take a back seat and have more in cash than in equities.

johnny cash, we have not heard of any negative news on IFCAMSC. Although on paper, its reports still looks good financially, once investors have lost confidence in a stock, it can be sold down like no tomorrow. On the same score, there are also many good FA stocks that just do not move up. There may be undercurrents in Ifcamsc that we may not be aware of but it is best not to speculate without any evidence as we simply do not know.

Ifcamsc is bearish. Its strong support at 1.31 has been broken down and today it broke down further from its psychological support of 1.00. The selling momentum is still strong. Trending down, its tp of 1.01/1.00 has been broken and the next tp is 0.80.

Stocks like Ifcamsc reminds us why its very risky to average down and it also emphasizes the importance of cutting loss early without any fear. We hope most of our readers are not caught in this whole Ifcamsc affair.

pvd_investor,

Sona-W:
Bearish. It broke down from its temporary support of 0.08 to a new low of 0.075. Selling pressure is still high.

Goodway:
Sideway trading. Will likely trade between immediate support of 0.33 and resistance at 0.385 in the near term.

AAX:
Downtrending. It has broken down from its temporary support base at 0.25.
The selling pressure has increased today to close off its low of 0.225.

tsy, dunknow and all, Good Morning. In a sea of red, we need to be more selective in our stock trading.

sunflower22, you are most welcome. We hope you continue to make lots of money ....hehehe......

tsy, Dunknow, and all, Good Morning. We wish you a fruitful day in the market.

skyu,

KNM formed a bullish engulfing candle on 2/6 on high volume. Immediate support = 0.53 while immediate resistance is at 0.59/0.60. If it breaks 0.63, it will become bullish. You will want to stop loss if 0.52 is broken down.

-------------------------------------------------------------------
Posted by skyu > Jun 2, 2015 08:56 AM

Morning to all Code Breaker contributors. any interesting technical breaking analysis recently ?

anyone can suggest on KNM?

Duit, Hi and Thanks. Healthy & "profity" to you too ...hahaha.... I like that "profity" word. Very creative.

tsy88, finally some sort of rebound yah. Thats a very very good poem ...hahaha.... Thx.

tsy88, Dunknow aand all, Good Morning.

tsy, yeah, a technical rebound is due. Hopefully it happens soon. Cheers.

Adrian Tiong Meng Wei,

EMICO:
Currently trading sideways between support of 0.20 and resistance of 0.23.
It has bottomed out at 0.17. It is unable to break the 0.23 successfully after a few attempts. Will likely remain range bound in the near term.

Dunknow, ....hahahaha...that is a good one. Anyway, have a good weekend. Lets hope there is a technical rebound on the klse next week. Cheers.

tsy, Dunknow and all, Good morning and have a good weekend to charge up for the coming week.

Dunknow, thank you very much.

tsy, Dunknow and all, Good Morning

twoplus, we usually look for reversal patterns and we monitor for the selling pressure of the stock to ease off. We also need to establish the trend of the stock. If it has turned bearish, we might want to monitor first. During these times, stock selection becomes important.

------------------------------------------------------------
Posted by twoplus > May 26, 2015 10:39 PM

profitman, lookin at this kind or bearish trend ,what should monitor for a buy signal?or at least stable foundation

twobits, ...hahaha...thank you for the suggestion. No intention to compile it into a book to sell but we certainly have intention to post it somewhere for everyone to read. Thanks.

There has been a lot of selling pressures in the market over the past few trading sessions for various reasons. We can't emphasize enough to follow your trading plan. Once a stock has hit your stop loss, high chance that a crucial support has been broken and you will want to cut loss. Capital protection is important in such a bearish market. Cheers.

Hi Puspa. Thanks for dropping by.

Thank you Matrix for sharing that. Matrix is one of the most disciplined trader we have come across. His advise is very timely especially during these times and it was indeed very generous of him to impart his knowledge to us.

ariff7996, thank you for dropping by here. Here, we try to learn from each other. We look forward to your presence here. Cheers.

puspa, hello. Thank you for dropping by.

tsy, dunknow, sunflower,duit and all, Good Morning.

Duit, I am very humbled by your kind comments. We are just glad we are able to contribute in a small way. Hope you continue to make good money from the market, bro. You too possess a very unique analysis of stocks which is a very practical approach and we respect that. Our respect is mutual, bro. Cheers.

Duit, I just want to add on to the very good Yoda's response.

For new high trending stocks, I do calculate the target prices based on fibo numbers but I sell by trailing stops. And I also monitor the indicators and trading patterns for signs of the stock weakening. Monitoring for distribution or consolidation is also very helpful. But at the end of it, I still sell by trailing stops to allow me to ride the profits as far as possible. You and I know that ultimately, we will still not be able to sell at its highest price.

For newly listed IPOs, there is no TP but we can use its valuation as a guide. I usually stay away from newly listed IPOs until its price has settled down.

Again, the above is just my trading preference and others may not trade this way.

st51, congratulations on Cocoaland. We are not aware of any news except that it is undertaking some corporate exercises with a new man heading the company. We can only guess that probably with their corporate exercises, the valuation of the company has changed.

Hi Duit. Good evening.

...hahaha...Thanks tsy. Really appreciate your caring nature.

soonsoon, thank you for your kind words.

Duit, as always, thanks for the great input.

Anastasia, yes, it is best to monitor first if you intend to bottom fish. The selling does not appear to be over.

Anastasia Alexie,

AAX:
Bearish and down trending. We usually avoid such stocks to trade. If its immediate support of 0.295 is broken, it will trend towards its TP of 0.28 and 0.25. Immediate resistance is at 0.315/0.32.

...hahaha...Connie, well said.

Thanks Connie. ...hahaha.... no bash but on behalf of TCB, KLSE will enrich all of you with profits to celebrate the anniversary ....hahaha....

tsy, dunknow, novice8, thank you. Time sure flies. We are indeed happy we were able to help and contribute in a small way to all and we hope there will be many many more profitable trades for all you good people.

tsy, you are really observant to notice the anniversary. ...hahaha... thanks for your kind words and 1128 sound kinda nice. Duit is always very creative in coming up with these things.

st51, we do not recommend buy, sell or hold calls here and neither do we recommend averaging down. But we can lay out the TA for you to decide on your next course of action.

Wintoni, seems to have pretty good support at 0.29/0.295 but it needs to clear the 0.35 resistance to move up further. A break above 0.35 with volume would suggest the end of its correction. You will need to monitor your stop loss price as per your trading plan.

Duit ....hahaha....128...like that also can ah. Yeah, everybody will huat together. Bro, don't worry if there are any mistakes. Its only human to make mistakes. Besides, I don't think you committed any mistakes. We know you are a very sincere person. Thanks.

Duit, thank you for yr patience. Will revert soon ....thanx bro.

tsy, dunknow, duit & all, Good morning. Have a great Sunday.

cityplus, novice8, glad you liked our sif. Thanks.

Good Morning tsy, Dunknow, and all. We wish everyone a happy weekend with your loved ones.

twobits, thanks so much for the suggestion. Ok, we will look into it. Great idea. Thanks.

KC53,

Frontkn:
It is consolidating sideways with support at 0.25 and resistance at 0.28. We can't predict the movement but it may continue to trade sidewways.

kurakura, there are many ways to take profits. I have commented on this in the past and I may be repeating some of the stuff here but I don't mind sharing again since you have a keen interest in this area.

Many times, traders regret selling too fast as the price jumps after they sell off and they look at all the vanishing profits before their eyes. Happens to me too. If it happens, don't regret. Just move on with your trading. This is part and parcel of trading. If the stock is very bullish, I do sometimes jump back in to ride it further.

Some traders set an amount of target profit, say 5 sen. Once the stock moves 5 sen, they sell and move on. They are not bothered if the price sky rockets after that. This is one way of selling.

Then there are those who sell based on TPs through whatever calculation methods. Profits are locked in as per your example.

For me, if a stock is very bullish, I usually let the price ride as far as it goes, constantly adjusting my trailing stop along the way even though it hits my TP. It also means that I don't get to sell at its highest price most of the time. Sometimes there are also stocks that I sell all at TP. So, I do mix it up a bit. But this is just my personal trading method. Others may trade differently.

twobits, nice of you to drop by. Thanks.

kurakura, to me, there is no such thing as a noob or stupid question. You have raised some legitimate questions which is probably on the minds of many traders.

(1) if I am not mistaken, Matrix target prices, support and resistance are worked out from the trading patterns of the stock. Different traders view things differently. Hence, support and resistance levels can vary from trader to trader and similarly target prices too. But the figures are usually more or less the same.

But what is most important about TPs is that it is only a guide for us to lock in profits. The stock may or may not reach its TP. You may use fibo to set your TP and the figures may differ from those set by others. But it doesn't really matter because they are generated to give some checkpoints to take profit. So, don't be unduly worried if your TP differs from others. No one is right or wrong really.


(2) You raised some good points on profit taking. It is absolutely crucial to recognize that you will never be able to buy at the lowest price and neither will you be able to sell at the highest price.

The percentage of stock holding to sell when it hits your TP depends on how much risk you want to take further and how much profit you want to reap first. It depends on what you are comfortable with. Say you sold 50%, and decide to ride the balance. You will keep adjusting your trailing stop as the stock trends up. Once it hits your trailing stop, you may decide to sell, say another 30% and ride out the balance or you may opt out completely. Whatever the scenario, you will never be able to ride out the 100% all the time for all stocks simply because we cannot predict how far the stock will go. Also bear in mind that you have already taken your profit when it first hit your TP fulfilling your trading plan objectives. Whatever profits beyond that is a bonus.

As long as you are happy with the profits that you have locked in, we realize it and move on to the next stock or re-trade the stock when it weakens if you feel it will still move up.

I will add on a bit more later. Got to go now.

Connie,duit & all, Good morning. I wish everyone a fabulous day i the market.

Good morning Dunknow, tsy and all. We wish all of you a profitable day in the market.

RaymondPang,welcome and thank you for dropping by and for your kind words.

Fajar:
Sideway rectangle trading between resistance of 0.465 and support of 0.425. It will face major resistance at 0.515 if it breaks above 0.465 while a breakdown from 0.425 will complete the double top bearish reversal pattern and its price will head towards the next support at 0.355.

OcnCash:
Uptrend is intact. Currently undergoing a technical rebound after a correction in price. Seems to have found a support base at 0.30/0.31. Immediate resistance is at 0.355/0.36. Will need to clear its major resistance at 0.385 before testing the next resistance at 0.436.